The election of Donald Trump is clearly a "mixed bag" for technology investors and investment bankers, said Ted Smith, president of Union Square Advisors.

"He will be tough on bigger tech players whose products are displacing workers in the heartland," said Smith. "However, he wants to expand America's competitive advantages and technology is certainly one of them."

Trump has also talked about being a trust buster on some of the bigger deals in the markets at a time when there has been a resurgence of activity by traditional large corporate acquirers this year including AT&T (T) , Microsoft (MSFT) , Oracle (ORCL) and Cisco (CSCO) . There has also been widespread divestiture activity by the likes of Hewlett Packard Enterprise (HPE) , Intel (INTC) and Dell as these companies seek to reposition themselves for improved revenue growth.

Cisco and Hewlett Packard Enterprise are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells CSCO or HPE? Learn more now.

"The tech M&A market as a means to exit remains extremely robust across the board, for both public and private companies," said Smith. "Absent a further significant economic downturn or geopolitical event that creates a major market dislocation, we expect this level of M&A activity to continue through the rest of 2016 and into 2017."

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